Ethereum Name Service (ENS) is a naming service on the Ethereum blockchain that converts complex identifiers such as cryptocurrency wallet addresses, NFTs and websites into human-readable names. Users can purchase domain names with the “.eth” extension from the ENS platform and add identifiers to them, such as an Ethereum wallet address, NFT ID, or website URL. The ENS system finds and displays the relevant identifier when a user enters the domain name, making it easier to navigate and transact in the Ethereum ecosystem.
ENS, which has risen 12.55% in the last 24 hours and at the time of writing, was among the day's risers. The fact that Ethereum ETFs will start trading today may have caused an increase in ENS price.
